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The Reform Process in Brazil (Paperback)
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The Reform Process in Brazil (Paperback)
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Total price: R1,099
Discovery Miles: 10 990
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Seminar paper from the year 2009 in the subject Economics - Case
Scenarios, grade: 1.3, Otto Beisheim School of Management
Vallendar, language: English, abstract: This paper analyzes the
path that Brazil's economy has taken to reach today's status; the
status of a stable economy that shows high potential to meet the
challenging expectations that economists set on it. The idea is to
source the roots of the economic stability and performance of Latin
America's largest country and to highlight the implications it will
have in the near and remote future. Chapter 2 focuses on the Real
Plan launched in 1994. A set of reforms which transformed Brazil's
economy from a protected economy facing four-digit inflation rates
into a stable economy capable of competing with developed
economies. It discusses the implementation of the Real Plan, its
measures and its positive and negative consequences for the
Brazilian economy. Furthermore we are going to deal with the recent
past of Brazil's economy since the presidential elections in 2002,
when the leader of the workers' party Lula da Silva was elected. We
focus on the economic policy of the president and its government,
whose election has almost led to the default of the Brazilian state
because financial markets were afraid that the socialist candidate
would pursue a 180 degree turn compared to the neoliberal economic
policy of his predecessor. We analyze why Brazil was one of the
last countries being affected by the financial crisis and why it
was one of the first to leave it behind.
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